Listed by Paragon Real Estate Advisors, Bought with Sound Point Real Estate LLC
NOT LISTED FOR SALE

Estimated Value: $1,148,000 - $1,363,000

6 Beds
6 Baths
3,899 Sq Ft
$324/Sq Ft Est. Value

Last Sold July 21, 2023

Last sale price $1,200,000 $308 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,353/month

31 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Wood Siding

About This Home

As of July 2023

This purpose-built building is offered to the market for the first time ever. The property is well located, just blocks from downtown Everett, and poised to take advantage of the city’s future growth. The property consists of 3 large 2 bed/2.25 bath units, each approximately 1,300 square feet. Built in 2006 the building features modern systems along with a secured entry, washers and dryers in unit, 3 tandem garages and much more. Buyers will have the opportunity to take advantage of tremendous upside potential through rent increases and cosmetic improvements.

Last Agent to Sell the Property

Jacob Odegard

Paragon Real Estate Advisors License #120796 Listed on: 05/16/2023

Co-Listed By

Nick Hemming

Paragon Real Estate Advisors License #120684

Last Buyer's Agent

Keith Bruce

Sound Point Real Estate LLC License #11018

Sound Point Real Estate LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2067641

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,200

Year Built

  • Built in 2006

Lot Details

  • 5,663

Home Design

  • Triplex
  • Built-Up Roof
  • Wood Siding

Interior Spaces

  • 3,899 Sq Ft Home
  • 2-Story Property

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces

Additional Features

  • 5,663 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Everett Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00436979003100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,200

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 2006
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3899
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking: No
  • Total Parking Spaces: 3

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Everett

Lot Info

  • Parcel Number: 00436979003100
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5663
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Snohomish County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 24.2
  • LeasedItems: None
  • TotalMonthlyIncome: 4125

Tax Info

  • Year: 2023
  • Tax Annual Amount: 8200

Multi Family

  • Number Of Units Total: 3
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2023
Closed on
Jul 18, 2023
Sold by
Garbe John W and Garbe Susan M
Bought by
Okumoto Angela Mar and Okumoto Yuji Don
Seller's Agent
Jacob Odegard
Paragon Real Estate Advisors
Buyer's Agent
Keith Bruce
Sound Point Real Estate LLC
List Price
$1,200,000
Sold Price
$1,200,000
Views
38
Current Estimated Value
$1,264,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,921
Avg. Annual Appreciation
2.16%
Original Mortgage
$600,000
Outstanding Balance
$585,473
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$679,448

Purchase Details

Closed on
Feb 15, 2006
Sold by
Garbe John W
Bought by
Garbe John W and Weller Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6.2%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 30, 1999
Sold by
Garbe Margaret L
Bought by
Garbe John W

Purchase Details

Closed on
Aug 7, 1996
Sold by
Garbe Joe A and Garbe Margaret L
Bought by
Garbe Family Ltd Partnership
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Okumoto Angela Mar $1,200,000 Stewart Title
Garbe John W $56,179 Pnwt
Garbe John W -- --
Garbe Margaret L -- --
Garbe Family Ltd Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Okumoto Angela Mar $600,000
Previous Owner Garbe John W $408,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2023 07/21/23 Sold $1,200,000 0.0% $308 / Sq Ft
06/16/2023 06/16/23 Pending -- -- --
06/06/2023 06/06/23 For Sale $1,200,000 0.0% $308 / Sq Ft
05/24/2023 05/24/23 Pending -- -- --
05/16/2023 05/16/23 For Sale $1,200,000 -- $308 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,942 $1,080,000 $311,900 $768,100
2024 $8,942 $1,041,200 $311,900 $729,300
2023 $8,200 $998,600 $291,400 $707,200
2022 $8,323 $909,000 $220,500 $688,500
2020 $8,161 $727,000 $183,200 $543,800
2019 $7,172 $643,000 $178,000 $465,000
2018 $6,741 $554,000 $119,700 $434,300
2017 $5,938 $486,000 $105,900 $380,100
2016 $4,487 $386,000 $100,000 $286,000
2015 $4,442 $360,000 $100,000 $260,000
2013 $4,097 $293,000 $92,500 $200,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2067641

Northwest Multiple Listing Service (NWMLS)

APN: 004369-790-031-00